The Asia Pacific Insulin Pump Market is projected to grow at a compound annual growth rate (CAGR) of 17.2% during the forecast period, increasing from USD 1.23 billion in 2023 to USD 3.73 billion by 2030.
Market Overview:
The rising prevalence of diabetes and the growing focus on effective diabetes management in the Asia Pacific region are major factors driving the expansion of the insulin pump market. According to data from the journalofdiabetology.org, approximately 80 million people in Southeast Asia had diabetes in 2017, and this number is expected to reach 151 million by 2045. The World Health Organization (WHO) reports that 10% of adults in China are living with diabetes, while India has a diabetic population of 72.96 million adults. Similarly, Bangladesh is experiencing a noticeable rise in diabetes prevalence, with rates climbing from 5% between 2001 and 2005 to 9% from 2006 to 2010.
Click here for in-depth coverage of this research:https://www.stellarmr.com/report/req_sample/Asia-Pacific-Insulin-Pump-Market/1248
Market Dynamics:
The Asia Pacific insulin pump market experienced accelerated growth during the COVID-19 pandemic, as the rising number of diabetes patients, especially in emerging economies, turned to insulin pumps to manage their condition. Government initiatives supporting the adoption of advanced technologies, along with the increasing incidence of lifestyle-related diseases, are further fueling demand for insulin pumps across the region. In China alone, approximately 114 million people are affected by diabetes, with type II diabetes being more prevalent than type I.
Segment Analysis:
By Product Type: The market is divided into Pumps and Consumables. The Pumps segment holds the largest share due to the numerous benefits insulin pumps offer over daily injections, continuous glucose monitors, and other devices. Their adoption is rapidly increasing in developed countries. According to Tandem’s chief strategy officer, Elizabeth Gasser, pump usage among diabetes patients globally is expected to reach about 40% market penetration by 2027 in the Asia Pacific. Meanwhile, the Consumables segment is expected to see significant growth as insulin pumps become more widely used, increasing the demand for associated products like infusion sets, batteries, and insulin vials. Consumables are favored for their affordability, ease of access, and shorter replacement cycles compared to pumps.
By Distribution Channel: The market is segmented into Hospital Pharmacy and Retail & Online Pharmacy. The Retail & Online Pharmacy segment leads the market due to the growing availability of diabetes management devices and solutions across retail and pharmaceutical outlets in both developing and established economies. Hospital pharmacies also contribute significantly, as many customers prefer to purchase diabetes management devices from hospital-affiliated pharmacies. Moreover, expanding reimbursement programs for consumables like insulin pumps are bolstering the growth of the hospital pharmacy segment.
To explore this study in depth, visit the link provided:https://www.stellarmr.com/report/req_sample/Asia-Pacific-Insulin-Pump-Market/1248
Asia Pacific Insulin Pump Market Key Players:
Sooil Development Co. (Korea)
Nipro Diagnostic, Inc. (Japan)
Diabetic Insulin Pump India (India)
Tandem Diabetes Care (U.S.)
Cellnovo Ltd (U.K.)
Ypsomes (Switzerland)
Key questions answered in the Asia Pacific Insulin Pump Market are:
- What is Asia Pacific Insulin Pump?
- What was the Asia Pacific Insulin Pump market size in 2023?
- What is the growth rate of the Asia Pacific Insulin Pump Market?
- Which are the factors expected to drive the Asia Pacific Insulin Pump market growth?
- What are the different segments of the Asia Pacific Insulin Pump Market?
- What growth strategies are the players considering to increase their presence in Asia Pacific Insulin Pump?
- What are the upcoming industry applications and trends for the Asia Pacific Insulin Pump Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Asia Pacific Insulin Pump Market?
- What segments are covered in the Asia Pacific Insulin Pump Market?
- Who are the leading companies and what are their portfolios in Asia Pacific Insulin Pump Market?
- What segments are covered in the Asia Pacific Insulin Pump Market?
- Who are the key players in the Asia Pacific Insulin Pump market?
For a detailed overview of this study, click here: https://www.stellarmr.com/report/Asia-Pacific-Insulin-Pump-Market/1248
Trending Reports From SMR:
Middle East and Africa Shipping Container Market https://www.stellarmr.com/report/MEA-Shipping-Container-Market/983
Asia Pacific Electric Capacitor Market https://www.stellarmr.com/report/Asia-Pacific-Electric-Capacitor-Market/996
Asia Pacific Luxury Car Rental Market https://www.stellarmr.com/report/Asia-Pacific-Luxury-Car-Rental-Market/1058
Middle East and Africa Industrial Sugar Market https://www.stellarmr.com/report/MEA-Industrial-Sugar-Market/1063
Middle East and Africa Mattress Market https://www.stellarmr.com/report/Middle-East-and-Africa-Mattress-Market/1072
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
